Foto: Pablo Valadares/Câmara dos Deputados

Bill 1931/23 proposes significant changes to sports betting advertising on the internet. The main measure is the prohibition of advertising on websites that sell betting without the appropriate authorization or concession from the Ministry of Finance.

Furthermore, the project also aims to prevent minors from participating in sports betting, known as fixed-odd betting.

Restrictions on connection providers and internet applications in the project

The text of the project establishes that internet connection providers based in Brazil must block access to websites and applications that offer fixed odds bets. This measure seeks to restrict accessibility to these unauthorized services.

Payments and receipts exclusively through banking

The project also proposes innovations, including the requirement that people exclusively make transfers between current, savings or payment accounts maintained at financial institutions authorized by the Central Bank to make payments or receipts related to fixed-odds bets.

Sanctions of the proposal that provides for the regularization of sports betting advertising

The project also provides for strict sanctions for betting operators who fail to comply with the established rules. Penalties range from warnings to significant fines, and may even result in the revocation of the authorization or concession to operate.

Representative Luciano Vieira (PL-RJ), author of the regulatory project for sports betting advertising, clarifies that the initiative aims to improve the activity, contributing to the improvement of the legal scenario in Brazilian territory.

Bill 1931/23, which is being processed conclusively, will be evaluated by the Finance and Taxation committees, as well as the Constitution and Justice and Citizenship committees of the Chamber of Deputies.

As the project progresses through the Chamber’s committees, it is essential to highlight the relevance of this debate for society and the online betting industry.

After all, regulation can significantly impact the way people access and participate in sports betting. The project should be voted on in committee and in the Senate Plenary next week.